The market continues to trade rangebound. As of now, $BTC is trading at $103,765 and $ETH is trading at $2,548. Bitcoin dominance stands at 63.26%, similar to where it was a month ago.
April U.S. PPI fell -0.5% MoM, the steepest drop since April 2020 and well below expectations (+0.2%), driven by a record -0.7% decline in service prices. Core PPI also slipped -0.1% MoM for the first time since 2020, signaling easing inflationary pressure and potential CPI relief ahead.
A few other headlines include: BlackRock’s sBUIDL launches the 'first direct DeFi protocol integration' with Euler on Avalanche; Coinbase discloses a data breach, reporting that customers' private data was stolen; and $NXPC debuts at a ~$2.5B FDV.
During the last 24 hours, the top three gainers were $XCN, $ETHFI, and $KCS, while the top three losers were $WIF, $STRK, and $AXS.
